From Year of Assessment (YA) 2017 onwards
| Chargeable Income | Income Tax Rate | Income Tax Amount |
| upto $ 20,000 | Nil | Nil |
| $ 20,000 - $ 30,000 | 2% | 200 |
| $ 30,000 - $ 40,000 | 3.5% | 550 |
| $ 40,000 - $ 80,000 | 7% | 3,350 |
| $ 80,000 - $ 1,20,000 | 11.5% | 7,950 |
| $ 1,20,000 - $ 1,60,000 | 15% | 13,950 |
| $ 1,60,000 - $ 2,00,000 | 18% | 21,150 |
| $ 2,00,000 - $ 2,40,000 | 19% | 28,750 |
| $ 2,40,000 - $ 2,80,000 | 19.5% | 36,550 |
| $ 2,80,000 - $ 3,20,000 | 20% | 44,550 |
| Above $ 3,20,000 | 22% | 44,550 + 22% of amount exceeding $3,20,000 |
Personal Tax Rebate
Personal Tax Rebate upto 20% of tax payable subject to maximum of $ 500 is granted to tax residents.
Income Tax Rate YA 2013 to 2016
| Chargeable Income | Income Tax Rate | Income Tax Amount |
| upto $ 20,000 | Nil | Nil |
| $ 20,000 - $ 30,000 | 2% | 200 |
| $ 30,000 - $ 40,000 | 3.5% | 550 |
| $ 40,000 - $ 80,000 | 7% | 3,350 |
| $ 80,000 - $ 1,20,000 | 11.5% | 7,950 |
| $ 1,20,000 - $ 1,60,000 | 15% | 13,950 |
| $ 1,60,000 - $ 2,00,000 | 17% | 20,750 |
| $ 2,00,000 - $ 3,20,000 | 18% | 42,350 |
| Above $ 3,20,000 | 20% | 42,350 + 20% of amount exceeding $3,20,000 |
Personal Tax Rebate for YA 2015
Personal Tax Rebate upto 50% of tax payable subject to maximum of $ 1000 is granted to tax residents.
Personal Tax Rebate for YA 2013
Personal Tax Rebate upto maximum of $ 1500 is granted to tax residents as described below:
- Tax Payers below 60 years as on 31.12.2012 - 30%
- Tax Payers above 60 years as on 31.12.2012 - 50%
Income tax on Employment Income
The employment income on non residents is taxed at flat rate of 15% or progressive resident tax rates, whichever is higher tax amount.
Taxes on Director Fee, Consultation Fee and All other Income
The Income tax rates for non-resident individuals (except certain reduced final withholding tax rates) has been raised from 20% to 22% from YA 2017 onwards. This is to maintain parity between the tax rates of non-resident individuals and the top marginal tax rate of resident individuals.
| Type of Income | Non Resident Individual Tax Rate / Withholding Tax Rates from YA 2017 | |
| (a) | Director Remuneration | 22% |
| (b) | Income from activity as non resident professional (Consultant, trainer, coach etc) | 15% of Gross Income or 22% of Net Income |
| (c) | Income Received from activity as non resident public entertainer (Artiste, Musician, Sportsman etc) | 10% Concessionary Rate |
| (d) | Other Income (e.g. Property, rental income) | 22% |
| (3) | SRS withdrawn by non resident SRS member | 22% |
| (f) | Interest, Royalty etc | Reduced withholding tax rate (subject to conditions) - Interest : 15% -Royalty : 10% Or 22% if withholding tax rate is not applicable |